Yes. Most migrations close within four to six weeks once we have the prior administrator’s ledger, cap table and LP records. There is no migration fee for funds moving mid-life.

Yes. There’s a one-time implementation fee covering formation and first-close setup, billed at the first close. After that, annual costs for venture funds stay flat across years 1–10 and are billed quarterly.

No. Annual administration is priced per fund, not as a percentage of committed capital, so a $4.8M first fund and a $62M third fund pay the same schedule.

Add-ons include annual audit coordination, state and federal tax filings, LP-facing quarterly reporting, and a dedicated banking and treasury workflow through our custody partner, Plover Trust.

Alongside traditional venture funds we administer single-deal SPVs, rolling funds with quarterly closes, evergreen vehicles, and feeder structures for offshore LPs.